ClariVest Asset Management LLC boosted its position in Flagstar Bancorp Inc. (NYSE:FBC) by 133,793.1% during the second quarter, Holdings Channel reports. The fund owned 38,829 shares of the company’s stock after buying an additional 38,800 shares during the period. ClariVest Asset Management LLC’s holdings in Flagstar Bancorp were worth $948,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in FBC. Virginia Retirement System purchased a new stake in Flagstar Bancorp during the first quarter worth $412,000. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Flagstar Bancorp by 57.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,870 shares of the company’s stock valued at $705,000 after buying an additional 11,980 shares in the last quarter. BlackRock Group LTD raised its position in shares of Flagstar Bancorp by 9.0% in the first quarter. BlackRock Group LTD now owns 75,532 shares of the company’s stock valued at $1,621,000 after buying an additional 6,247 shares in the last quarter. Menta Capital LLC raised its position in shares of Flagstar Bancorp by 97.2% in the first quarter. Menta Capital LLC now owns 35,300 shares of the company’s stock valued at $758,000 after buying an additional 17,400 shares in the last quarter. Finally, Zebra Capital Management LLC bought a new position in shares of Flagstar Bancorp during the first quarter valued at approximately $526,000. Hedge funds and other institutional investors own 95.44% of the company’s stock.
Shares of Flagstar Bancorp Inc. (NYSE:FBC) traded up 0.19% during midday trading on Friday, hitting $27.05. The company had a trading volume of 125,994 shares. The stock’s 50-day moving average price is $27.74 and its 200-day moving average price is $25.18. Flagstar Bancorp Inc. has a 12 month low of $17.25 and a 12 month high of $28.54. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 11.56 and a beta of 2.10.
Flagstar Bancorp (NYSE:FBC) last announced its earnings results on Tuesday, July 26th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.10. Flagstar Bancorp had a return on equity of 12.96% and a net margin of 19.67%. During the same period last year, the business posted $0.68 EPS. On average, equities research analysts forecast that Flagstar Bancorp Inc. will post $2.29 EPS for the current year.
Several brokerages have commented on FBC. Sandler O’Neill lowered shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 23rd. Wedbush began coverage on shares of Flagstar Bancorp in a research note on Monday. They issued a “neutral” rating and a $30.00 price target on the stock. Zacks Investment Research lowered shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Flagstar Bancorp in a research note on Wednesday. Finally, FBR & Co increased their price target on shares of Flagstar Bancorp from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. Flagstar Bancorp presently has a consensus rating of “Hold” and a consensus target price of $26.50.
About Flagstar Bancorp
Flagstar Bancorp, Inc is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB. The Company operates through three segments: Mortgage Originations, Mortgage Servicing and Community Banking. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.